Standex International (NYSE:SXI - Get Free Report) announced its quarterly earnings results on Tuesday. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.05, Briefing.com reports. The business had revenue of $170.50 million for the quarter, compared to analyst estimates of $178.94 million. Standex International had a net margin of 10.14% and a return on equity of 13.60%. The company's revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS.
Standex International Stock Up 1.4 %
Standex International stock traded up $2.58 during mid-day trading on Tuesday, reaching $181.95. The stock had a trading volume of 50,356 shares, compared to its average volume of 56,841. The company has a 50-day moving average price of $175.93 and a two-hundred day moving average price of $172.28. Standex International has a one year low of $130.04 and a one year high of $191.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 2.69. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 2.56 and a beta of 1.03.
Standex International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.32 per share. This is a boost from Standex International's previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.70%. Standex International's payout ratio is presently 20.71%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on SXI shares. StockNews.com upgraded Standex International from a "hold" rating to a "buy" rating in a research report on Wednesday, August 14th. DA Davidson lifted their price target on shares of Standex International from $203.00 to $211.00 and gave the company a "buy" rating in a report on Monday, August 5th. Finally, Benchmark restated a "buy" rating and issued a $210.00 price objective on shares of Standex International in a report on Friday, August 2nd.
Read Our Latest Research Report on SXI
About Standex International
(
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Standex International Corporation, together with subsidiaries, engages in the manufacture and sale of various products and services for commercial and industrial markets in the United States and internationally. It operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions.
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